PayPal India Resumes Direct Bank Withdrawal On Wednesday

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PayPal India plans to offer direct bank withdrawal this Wednesday after having halted it in early February, 2010. At the same time, businesses are able to continue to use PayPal. The bad news is that personal payments into India remain suspended until PayPal is able to comply with the policies stipulated by the Reserve Bank of India (RBI).

Of course, there are other similar online payment services that are offered by other companies besides PayPal but this problem didn’t arise from PayPal but RBI. The Government of India is afraid of money laundering and non payment of taxes by Indians who earn from overseas.

Seeing how it is right now, it doesn’t look too good for individuals in India who earn an online income unless they are able to find a solution in receiving payment for their work. If you know of a good way, please share it with us by leaving a comment. Thanks!cialis no prescription

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